Zoom director sells 2,637 shares near $97

A Zoom Communications, Inc. director reported pre-planned open-market sales totaling 2,637 shares at roughly $96–$97 per share.

Rhea-AI Filing Summary

Zoom Communications, Inc. (ZM) director Santiago Subotovsky reported selling a total of 2,637 shares of Class A Common Stock on September 8, 2026 in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on January 13, 2026. The sales were executed at weighted average prices around $96–$97 per share across multiple trades within stated price ranges.

Insider Trade Summary 10b5-1

Net Seller: 2,637 shares

Net Sell 2 txns

Insider Subotovsky Santiago

Role Director

Sold 2,637 shs ($255K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	1,792	$96.4766	$173K
Sale	Class A Common Stock F1, F3	845	$96.9451	$82K

Holdings After Transaction: Class A Common Stock — 124,423 shares (Direct)

Footnotes (3)

1. F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 13, 2026
2. F2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.795 to $96.79. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.
3. F3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.795 to $97.60. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.

Key Figures

Shares sold (total): 2,637 shares Shares sold (first block): 1,792 shares Weighted average price (first block): $96.4766 per share +3 more

6 metrics

Shares sold (total) 2,637 shares Aggregate shares sold by director Santiago Subotovsky on September 8, 2026

Shares sold (first block) 1,792 shares First sale of Class A Common Stock on September 8, 2026

Weighted average price (first block) $96.4766 per share 1,792-share sale; individual trades from $95.795 to $96.79

Shares sold (second block) 845 shares Second sale of Class A Common Stock on September 8, 2026

Weighted average price (second block) $96.9451 per share 845-share sale; individual trades from $96.795 to $97.60

Rule 10b5-1 plan adoption date January 13, 2026 Adoption date of trading plan governing the reported sales

Key Terms

Rule 10b5-1 trading plan, weighted average price, multiple transactions, staff at the Securities and Exchange Commission

4 terms

Rule 10b5-1 trading plan regulatory

"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 13, 2026"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

multiple transactions financial

"These shares were sold in multiple transactions at prices ranging from $95.795 to $96.79."

staff at the Securities and Exchange Commission regulatory

"the staff at the Securities and Exchange Commission, upon request, the full information"

FAQ

What insider transaction did Zoom Communications, Inc. (ZM) disclose in this Form 4?

The filing reports that director Santiago Subotovsky sold a total of 2,637 shares of Zoom Communications, Inc. Class A Common Stock in open-market transactions on September 8, 2026.

At what prices did the Zoom (ZM) director sell shares on September 8, 2026?

One block of 1,792 shares was sold at a weighted average price of $96.4766 per share, with individual trades between $95.795 and $96.79. Another 845 shares were sold at a weighted average price of $96.9451, with trades between $96.795 and $97.60.

Were the September 8, 2026 Zoom (ZM) insider sales made under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Santiago Subotovsky on January 13, 2026, indicating the trades were pre-arranged under that plan.

How many Zoom (ZM) shares did the director sell in each transaction?

On September 8, 2026, the director sold 1,792 shares of Class A Common Stock in one transaction and 845 shares in a second transaction, for a combined total of 2,637 shares sold.

What type of security did the Zoom (ZM) director sell in this Form 4?

The transactions involved Class A Common Stock of Zoom Communications, Inc. Both reported sales on September 8, 2026 relate to this same class of equity security.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/10/2026 - 05:46 PM Accepted by SEC EDGAR 09/10/2026 - 05:45 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Subotovsky Santiago

(Last) (First) (Middle)

C/O ZOOM COMMUNICATIONS, INC.

55 ALMADEN BLVD, #600

(Street)

SAN JOSE CALIFORNIA 95113

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zoom Communications, Inc. [ ZM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/08/2026		S(1)		1,792	D	$96.4766(2)	125,268	D
Class A Common Stock	09/08/2026		S(1)		845	D	$96.9451(3)	124,423	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 13, 2026

2. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.795 to $96.79. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.795 to $97.60. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff at the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the ranges set forth above.

Remarks:

	/s/ Cheree McAlpine, Attorney-in-Fact	09/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)